Becton Labs, Incorporated produces various chemical compounds for industrial use. One compound, called Fludex, is prepared using an elaborate distilling process. The company has developed standard costs for one unit of Fludex, as follows: Standard Quantity or Standard Price or Standard Hours Rate Cost Direct material 2.20 ounces $ 25.00 per ounce $ 55.00 Direct labor 0.50 hours $ 15.00 per hour 7.50 Variable manufacturing overhead 0.50 hours $ 3.00 per hour 1.50 Total standard cont per unit $64.00 During November, the following activity was recorded related to the production of Fludex Inventory a. Materials purchased, 12.000 ounces at a cost of $282,000. b. There was no beginning inventory of materials; however, at the end of the month, 2,750 ounces of material remained in ending c. The company employs 25 lab technicians to work on the production of Fludex. During November, they each worked on average of 110 hours at an average pay rate of $11.50 per hour d. Variable manufacturing overhead is assigned to Fludex on the basis of direct labor hours. Variable manufacturing overhead costs during November totaled $2,400. During November, the company produced 4,100 units of Fiudex For direct materials, compute the price and quantity variances. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance). Input all amounts as positive values.) Materials price variance Materials quantity variance For direct labor, compute the rate and efficiency variances. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (1.o., zero variance). Input all amounts as positive values.) Labor rate variance Labor efficiency variance Compute the variable overhead rate and efficiency variances. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (le, zero variance). Input all amounts as positive values.) Variable overhead rate variance Variable overhead officiency variance